Apr
09

Duncan’s Culpepper Landing Apartments Sold

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Marcus & Millichap Real Estate Investment Services has announced the sale of Culpepper Landing, a 192-unit apartment property located in Duncan, SC. The asset sold for $6,500,000.

Mark Boyce, Robert Sheppard & Jonathan Smith, investment specialists in Marcus & Millichap’s Charleston office, had the exclusive listing to market the property on behalf of the seller, a Virginia limited liability company.

Culpepper Landing is located at 201 Culpepper Landing Drive in Duncan, SC. Culpepper Landing is comprised of 192 units and consists of 16 three story buildings. The property has a mix of 2 and 3 bedroom units. There are 108 two bedroom and 84 three bedroom units. All have fully equipped kitchens and spacious living areas. Water is master metered. The property was built in 1998 and was 97% occupied at the time of sale.

 

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    Categories : Greenville, Spartanburg

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